Activist hedge fund Barington Capital Group L.P. said on Friday it was withdrawing its nominees to the board of women's apparel retailer Chico's FAS Inc, days after two major proxy advisers backed the company's nominees.
The footwear and apparel industry's discovery platform received $25 million in funding from Jump Capital, Signal Peak Ventures, and Intel Capital. The financing brings the company's total investment to $40 million.
An Amazon.com Inc shopping event that the online retailer billed as its largest ever had a bumpy start on Tuesday, with some customers unable to add discounted items to their shopping carts and rival retailers aiming ...
Macy's CEO and Chairman Terry Lundgren will step down and be succeeded by President Jeff Gennette in the first quarter of 2017. Lundgren will remain as Executive Chairman and continue to work closely with Gennette.
A union representing workers of Macy's Inc in New York said it reached a tentative agreement with the department store operator for a new four-year contract, averting a strike that was set to begin on Thursday.